Would you care to explain why you believe its 10 to 15 trading days away?

Where is the nitty gritty on the payout?

Another Message Board deadline comes and goes! Maybe 10 years from now something will happen!

I use AT and everytime I have ordered out a Cert=$50! Sometimes I have been sent Certs that I did not order and those= no charge!

The Company doesnt pay the TA when you order out a Cert-you pay! I also find it interesting that Schwab knows the financial condition of the Company and is offering trading recommendations/advise on its stock!

What is needed is someone who lives near where the Attys work and pay them a personal visit!

This link doesnt work-anyone with another way to the story/speech?

What I want to know is how can we, the general public, know that there are no FTD's left in a stock?

This is one of the few stocks that I have experienced a RS on (and the most dramtic ratio by far) that announced a RS several days in advance! Granted it would have been hard to exit SMMW after the RS announcment- but I believe there is future with this company and that it wont be too long before the price is back up to .84 or higher!(Dont trade this on my opinion either)!

Lets just open it up back at .0001 and be done with it!

Do I really see a .0001 x .0002?

If indeed that reply is from TM...then maybe through the TA they need to higher a Certificate Authenticator-someone that is recognized and accepted in the Securities Industry and let the 500,000 + 106 shares be exchanged for 205's! Because the fake certs are not TM's/BCIT's problem! (He already dealt with a forgery issue in the Courts and won! And all of those shares should be out of the market/ or covered by the Court settlement!)

However the Brokers/DTCC came to be holding Bogus Certs is a Broker/DTCC problem!


TM should also PR the problem with the exact share count #'s both Legal as per TA and Total that the DTCC/Brokers/Other Shareholders are trying to exchange.

And conclude the PR with a question- Where and how did Brokers/DTCC/Other Shareholders get Bogus Certs!

Please get this straight!!! The DTCC is not entitled to any more 205 shares than what they currently have in 106 shares!! That Corporation is just like you-if you had 50,000 106 shares and had sold short 50,000 106 shares- you can demand all you want! But you are only legally entitled to 50,000 new 205 shares! And that is all the TA can legally exchange- otherwise the TA is commiting a crime! And commiting a crime to cover another crime is wrong!

Tom Megas just needs to issue the 205's and let the TA execute the exchange- and let the DTCC howl all they want! Bring the filings current and put some value in the company- and the DTCC wont be able to stop this! Nor the SEC!

Ask a Broker for a copy of what they received that made the 106 shares Invalid!

Maybe it is time that we all write (snail Mail-certified and CC TM regular mail) to the Attorney asking for information because that is who the TA says to contact re the 205's.

Maybe just maybe if the Attorney and TM are deluged with Snail Mail- someone might get an answer!

Possible reason fro 2 missing quarterly filings?

Brokers respond to info sent internally! We can see it on what is known as the daily lists-nut the daily Lists are not exactly what the Brokers receive. Here is one from last year http://www.otcbb.com/dailylist/txthistory/BB01272006.txt Change the date to search for the day in question

What is so hard about understanding what E trade says? The 106's are not Fake! They are invalid because they have been recalled ( and possibly already surrendered last Dec/Jan- with the expectation of receiving the 205's! (and maybe bow all they have are a TA receipt) And Megas put a kabosh on releasing the 205's to the TA- maybe with/upon the advise of Councel/Atty!

Someone needs to contact Megas for answers!!

So someone with good connections and rapport with TM needs to do some talking and get this fixed or atleast get us a reason as to why! And a prognosis and approximate time line!

Everyone who has a 106 will be able to get a 205 (all 500thousand plus shares)! This is a 1 for 1 exchange! People who sold short dont have a Cert either way!

We are fast approaching the 1 year mark when Company PR's a share exchange and that None of the New Shares have been issued! Atleast I am guessing that none have been issued- TA wont talk! Have any Original shareholders (March Indy) received a share exchange? I dont know- but we do know that the Brokers have received none!

TA said same to me and to call the Atty for the Company! I did! Twice! Atty was conveniently our of the office or unavailable on the 2 different times I called! I left voice mail message with my cell ph # on both ocassions in the hopes that I would receive a return call! 1 week later I am still waiting!

This is the exact problem!! The TA doesn't have the 205's (or isn't authorized to release them nor discuss them!) ( A 205 Gag!)

And who signs the TA's paycheck? He who signs the check is usually the Boss!

Which MM is GBDX going to now use to buy up the shares at the Bid?

And do we have a L2 Quote? Anyone?

The A/S and O/S is between 500 and 600 Mil. FTD's I have no clue!

op9171787...Yep..Its HARDBALL TIME! Bring on a small cash divy-small because BCIT doesnt need to shoot itself in the foot/wallet! A divy of .0001/share will get the ball moving real fast!

BCIT can pay the Transfer Agent who will then cut checks for legal shareholders of Cusip 106 of which several Brokers will receive a big check based on their Bulk Certificate held over at DTCC! Some of the Street name shareholders will get paid from this TA issued check- but many will not because there is a huge short position- so the Brokers will have to ante up to us Street named Shareholders and then go after the short sellers for reimbusement!

You will then have maximum pressure placed on DTCC to let BCIT Trade!

2late...You just might have the key to busting this stuck stock wide open!!!!! If TM can put some assetts in the company and then declare a cash dividend and pay the dividend- then you will see some action! It doesn't have to be a dollar per share either! Heck he could start small say .0001/share- with the promise that next quarters dividend will be much healthier!

Can the DTCC stop BCIT from paying a cash divy because the DTCC does want the stock to trade? Heck, start making the Divy large enough and the people who sold this short will be screaming at the DTCC to let it trade so they can get out of their stuck short positions!

And think on this one! If the company were to pay a .0001/share cash dividend on the Company Issued and Outstanding Common shares, it will cost the company less than $60,000-most of which will go back to the company because they own the majority shares!

I dont know what the bottom line cost on this "sue the shareholder" court action was- but I think a cash divy would have served all of us much better!

mikeymac...Where are you getting this DTCC refusal to clear stuff from? Is this specularion on your part or do you have a letter from DTCC or a link?

Hurley Cruppies, nwsun, Janice, et al…where did you folks dig this up? Can you post a link?

Unfortunately, I can't cut and paste, but I am sure your read the 8-27-07 court posted response that showed like 27 pages

Stewie Sytner

There was a avidavit by that one which supported BCIT
There has been NO contempt of court, has there?

page 3, #8 and #9, speak for itself, what are your thoughts

Page 3
10. Bancorp’s representatives requested assistance from the Regulatory Parties to resolve the matter without litigation; however, Bancorp was directed that a lawsuit against the shareholders believed to be holding unauthorized shares of stock was necessary and required in order for Bancorp to determine its legitimate shareholder base. See Exhibits “A” and “B.”
11. The Bancorp representatives were told by the participants on the conference call that a Court order determining which shares of Plaintiff’s stock are valid would be required before Plaintiff could commence trading its stock again. See Exhibits “A” and “B.”

Would any of you folks have a link to the whole document?

ps. I called again to the firm the TA said to call (this morning)- the person was conveniently out of the office- so I left another voice mail message- I may have to write a snail mail letter!

Again, all that I can surmise is that the TA is not allowed to discuss the 205's and directs me to a third party for reasons as to why or what is going on! That 3rd person had a good 3 + hours yesterday (Friday) to return my call- and for whatever reason-didn't!! Their phone will be ringing shortly after 6am (my PDT) on Monday morning!

In the meantime- maybe one of you who has a excellent rapport with TM may want to do some HEAVY communicating with him!

He being the CEO holds the authority to get this moving! The person who signs the check is in charge!

But the even bigger question- WHY? Why has this happened and taken so long? And WHO Benefits? (Could we be benefitting (and not know it yet?) And for whose benefit has this been delayed?

Here is the low down! Someone posted the Phone # and address for the TA earlier today and I said to myself- lets get to the bottom of this! So I called the TA- Empire Stock Transfer and spoke with a gentlemen there- didnt ask for his name- I didnt feel it to be necessary! I asked him if he could answer some questions about BCIT after verifying they were and are the TA for BCIT. He then asked me,"What are the questions?" I replied, "one is about the 205 Cusip Stock and the other is about OS and AS!"

He politely told me that he would give me a name and phone # of somone to call regarding the Cusip 205 Stock and proceeded to answer my question regarding what is the current AS and OS of BCIT? When I inquired about restrricted stock, he told me that I would have to do a mail in request. When I tried bringing the 205 stock issue again- he directed me to the name and number that he was about to give me.

He did give me a name and number which I promptly called. The Secretary said he was in a meeting and offered to give me his voice mail box- which she transferred me to! I left his voice mail with my message and phone number --and as of COB today, Friday, June 7, I have not received a response from this gentleman or his office.

I must conclude that because the TA is unable to provide me with ANY information regarding the 205 shares- but rather redirects my inquiry to a 3rd party- that the TA is gagged on this issue! And we all know who can gag a TA!

Which brings up the larger question- WHY is the TA gagged on the new 205 shares ? And who benefits?

I talked with the TA today and have info- the ball appears to be in the companies court- not DTCC, Brokers or others- appears to be! I'll have more later tonight- I'm in the Pacific NW and there is a little daylight left- and I must use it

bobbybdb...How can the 106's be retired? Who authorized that? And where can I verify that?

realwood...The exchange was/is for entities with valid stock certificate! That could be you, anyone else with a certificate as well as bulk certificates held in Brokerages names at DTCC ( or possibly the Brokerage). But the call for an exchange to the DTCC/Brokers would have to be done through an entry on the Daily List the Brokers receive (I have no clue who transmits the daily list- I just know that it exists! here is a past daily list- just change the date in the URL to get another listing. http://www.otcbb.com/dailylist/txthistory/BB01272006.txt
Naked shorted shares cannot be exchanges because there is no stock certifiicate!

glazman...Get real... they can only exchange a Bulk Cert they already have in their possession! And they could not have had a Bulk Cert for 1 billion shares!

Bobbybds..WAIT a Minute!!!! Are you saying the Company, BCIT, of which Thomas Megas is CEO, has not issued the new shares to the Transfer Agent (something that should have been done 9 months ago)? !!!!

If that is your story, is it verifiable?
And if so, would you have any reason and or speculation as to why TM has not issued shares to the TA?

Because if what you are saying is true- it's clearly TM's fault that BCIT isnt trading!

All of the 205's should have been issued by the middle of Jan 2007!

Is that no the case? There was a PR issued almost a year ago informing of the exchange!

I am not buying a 205 hold up problem! Something else is going on!

If Brokerages do not have enough shares- that is a totally different problem and shouldn't keep this from trading!

Question-WHY? Why did BioP reverse merge into SMMW? BioP was a trading stock with a respectable SP- Yes the BioP shareholders get some SMMW stock plus keep their BioP and the BioP seems headed into a different sector now. But I fail to see how this benefits anyone- help?

Where did this come from?

That was/is not an after-hours trade! That happened during the regular session and was only posted (revealed) after-hours!

Was the ask price at .0002 before market close or did the ask change after 4 pm EDT?